secwatch.observer — SEC 8-K summary
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Issuer:     Farmland Partners Inc. (FPI)
CIK:        0001591670
Form:       8-K
Filed at:   2024-02-28T23:59:59+00:00
Accession:  0001558370-24-001994
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Farmland Partners 2023 net income $31.7M ($0.55/shr); AFFO $0.16/shr; sold $195.5M in assets
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- Net income $31.7M ($0.55/shr) vs $12.0M ($0.16/shr) in 2022, up 164.9%.
- AFFO $8.1M ($0.16/shr) vs $15.8M ($0.30/shr) in 2022, down 48.4%.
- Disposed 74 properties for $195.5M, recognized gain $36.1M; used proceeds for buybacks and debt reduction.
- Repurchased 6.55M shares at $11.00/sh avg; reduced debt by $76.4M to $363.1M.
- Renewed leases on 14% of revenue at avg rent increase of ~20%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1591670/000155837024001994/0001558370-24-001994-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1591670/000155837024001994/fpi-20240228x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-24-001994

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